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8. RENEGOTIABLE ZNTEREST RaT'E. For purpoaea of this
mortqaq• instrwa~nt ~d th• NOTE s~cur~d th~r~by, the tar~a
"Ron~qotiabl~" 1A th~ titl• "Rsn~qotiable Rat~ I~ortqaqe"~
means that th~ inter~st rat~ is subject to adjuataaent
pursuant to th~ ~~deral roqulations (S~ction 54S.6-da, Title
12, Code of F~deral R~qulationa). Ths Lendor is not required
to barqafn with th~ Borrowerts) as to th• interest rate tor
aAy Ren~wal Loan Tsrm.
I. BALLOON PAYMENT. Should borrower exercise his
option to rspay the outstandinq balancs dus under this
mortqaqe in full rather than r~new his loan for an additional
Renewal Loan Term, then and in such ev~nt, tho linal paymont
due shall be a balloon payment which shall equal tha sum of
ths last monthly payment due and the outstandinq principal
balance and accrued interest due immediately atter recaipt
of such payw~nt.
IN WITNESS WHEREOF, BORROWER 8AS EXECO'!'ED THZS RENEGOTIABLE
RATE RIDER.. _
( SEAL)
( SEAL)
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